American Electric Power

Senior Financial Controls Business Analyst

American Electric Power

full-time

Posted on:

Location Type: Office

Location: New Albany • Ohio • Oklahoma • United States

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Salary

💰 $87,633 - $128,689 per year

Job Level

Senior

About the role

  • Responsible for: contract administration and analysis, unvouchered liabilities, audit mitigation and reporting, work order administration / analysis, O&M and Capital budget analysis, and administrative support activities to field employees.
  • Provide business and administrative support for: contract requisitions, bid packages, governance, and contract spend analyses; and creation of templates for business processes and tracking.
  • Interpret complex contractual language and financial Terms and Conditions to apply to contract reviews; collaborate with T&D Procurement to amend contract language to improve or clarify terms and conditions.
  • Coordinate the monthly unvouchered liabilities in accordance with accounting policies and SOX requirements ($2.0 Billion annually); ensure all policies and processes for accruing unvouchered liabilities are in alignment with the AEP Transmission guidelines.
  • Lead the continuous improvement and monitoring of financial controls to limit missed accruals and duplication of UVL accruals.
  • Assist AEP Audit Services with vendor and operational audits to ensure compliance with the contract's financial Terms and Conditions and AEP's policies and guidelines.
  • Develop reports to support mitigation strategies and monitor on a monthly or quarterly basis.
  • Collaborate with field personnel to ensure compliance.
  • Perform complex work order administration activities, including set up, in-service reporting, and closing; ensure that asset retirements are properly identified for timely processing; resolve errors with Accounting, AEP Transmission Project Management, and AEP Transmission Field Services.
  • Coordinate the preparation, reporting, and analyses of monthly O&M and capital budgets.
  • Participate in process improvement initiatives related to financial and operational processes; participate in LEAN initiatives to reduce expenses or increase revenue for AEP Transmission; Assist with cost and process benchmarking studies both internal and external to AEP to ensure operational excellence.
  • Provide data analytics as required to help manage the business.
  • Lead or participate in training initiatives of employees and contractors related to financial and operational processes and related IT applications (e.g., Asset Suite, IPS, EcoSys) Lead or participate in special studies or projects as may be assigned.

Requirements

  • Associate or bachelor’s degree in business, Finance, Accounting, Contract Administration, or related field of study.
  • Minimum of four years of experience for candidates with a Bachelor's degree; Or minimum of six years of experience.
  • Experience focused on one of the following areas, accounting, finance, contract administration, budgeting, benchmarking or auditing.
  • Advanced degree or professional certification in Finance/Accounting is preferred but not required.
  • Experience with Microsoft Office, PeopleSoft Financials, Business Objects, and Ventyx Asset Suite is a plus.
  • Qualified professional with demonstrated teamwork capabilities working in a fast-paced environment.
  • Strong commercial, analytical, oral/written communication, and presentation skills are required.
Benefits
  • In addition to competitive compensation, AEP offers a unique comprehensive benefits package that aims to support and enhance the overall well-being of our employees.
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
contract administrationfinancial analysisbudget analysisaudit mitigationdata analyticsprocess improvementfinancial controlsaccrual accountingbenchmarkingwork order administration
Soft Skills
teamworkcommunicationanalytical skillspresentation skillscollaborationleadershiporganizational skillsproblem-solvingadaptabilitytraining
Certifications
Associate degreeBachelor's degreeAdvanced degree in Finance/AccountingProfessional certification in Finance/Accounting